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NJ Avg Real Estate Commission Rate in Camden, Wilmington, New Jersey

Camden is a city in Camden County, New Jersey. Camden is located directly across the Delaware River from Philadelphia, Pennsylvania. At the 2010 United States Census, the city had a population of 77,344. Camden is the 12th most populous municipality in New Jersey. The city was incorporated on February 13, 1828. Camden has been the county seat of Camden County since the county was formed on March 13, 1844. The city derives its name from Charles Pratt, 1st Earl Camden. Camden is made up of over twenty different neighborhoods.

The city was consistently prosperous throughout the Great Depression and World War II. After World War II, Camden manufacturers began gradually closing their factories and moving out of the city. With the loss of manufacturing jobs came a sharp decline in population numbers. Suburbanization also influenced the drop in population. Civil unrest and crime became common in Camden. In 1971, civil unrest reached its peak with riots breaking out in response to the death of Horacio Jimenez, a Puerto Rican motorist who was killed by two white police officers.

The Camden waterfront holds four tourist attractions, the USS New Jersey; the BB&T Pavilion; Campbell's Field; and the Adventure Aquarium. Campbell's Field had been home to the minor league baseball team, the Camden Riversharks but is currently scheduled to be torn down. The city is the home of Rutgers University–Camden, which was founded as the South Jersey Law School in 1926, and Cooper Medical School of Rowan University, which opened in 2012. Camden also houses both Cooper University Hospital and Our Lady of Lourdes Medical Center. The "eds and meds" institutions account for roughly 45% of Camden's total employment.

Camden had the highest crime rate in the United States in 2012, with 2,566 violent crimes for every 100,000 people, 6.6 times higher than the national average of 387 violent crimes per 100,000 citizens. There were 23 murders in Camden in 2017, the lowest in the city in three decades, part of a sharp drop in violent crime since 2012.

 

Camden, New Jersey Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Philadelphia-Camden-Wilmington, New Jersey. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, New Jersey, you will find the following real estate commissions charged*:

Typical Asking Commission: %

Competitive Commission: %

Very Competitive Commission: %

REPLACE

In the State of New Jersey, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Allentown-Bethlehem-Easton, PA-NJ $190,400 2.50%
Atlantic City-Hammonton $190,900 2.40%
New York-Jersey City-White Plains, NY-NJ $384,500 4.90%
New York-Newark-Jersey City, NY-NJ-PA $414,000 4.70%
Newark $400,600 2.90%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $239,100 3.00%
Trenton $262,900 -4.40%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in LOCATION.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

As of the 2010 United States Census, there were 77,344 people, 24,475 households, and 16,912 families residing in the city. The population density was 8,669.6 per square mile (3,347.4/km2). There were 28,358 housing units at an average density of 3,178.7 per square mile (1,227.3/km2). The racial makeup of the city was 17.59% (13,602) White, 48.07% (37,180) Black or African American, 0.76% (588) Native American, 2.12% (1,637) Asian, 0.06% (48) Pacific Islander, 27.57% (21,323) from other races, and 3.83% (2,966) from two or more races. Hispanic or Latino of any race were 47.04% (36,379) of the population. The Hispanic population of 36,379 was the tenth-highest of any municipality in New Jersey and the proportion of 47.0% was the state's 16th-highest percentage. The Puerto Rican population was 30.7%.

There were 24,475 households out of which 37.9% had children under the age of 18 living with them, 22.3% were married couples living together, 37.9% had a female householder with no husband present, and 30.9% were non-families. 24.8% of all households were made up of individuals, and 7.4% had someone living alone who was 65 years of age or older. The average household size was 3.02 and the average family size was 3.56.

In the city, the population was spread out with 31.0% under the age of 18, 13.1% from 18 to 24, 28.0% from 25 to 44, 20.3% from 45 to 64, and 7.6% who were 65 years of age or older. The median age was 28.5 years. For every 100 females there were 94.7 males. For every 100 females ages 18 and older there were 91.0 males.

The city of Camden was 47% Hispanic of any race, 44% non-Hispanic black, 6% non-Hispanic white, and 3% other. Camden is predominately populated by African Americans and Puerto Ricans.

The Census Bureau's 2006–2010 American Community Survey showed that (in 2010 inflation-adjusted dollars) median household income was $27,027 (with a margin of error of +/- $912) and the median family income was $29,118 (+/- $1,296). Males had a median income of $27,987 (+/- $1,840) versus $26,624 (+/- $1,155) for females. The per capita income for the city was $12,807 (+/- $429). About 33.5% of families and 36.1% of the population were below the poverty line, including 50.3% of those under age 18 and 26.2% of those age 65 or over.

 

ECONOMY:

About 45% of employment in Camden is in the "eds and meds" sector, providing educational and medical institutions.

*Data provided by Bankrate.com - Real Estate and Wikipedia - Camden - New Jersey